Azerbaijan’s state oil fund SOFAZ has allocated more than $118 million for youth education abroad. SOFAZ, an entity that accumulates and manages Azerbaijan’s oil and gas revenues, was established in 1999 with assets worth $271 million.
As of July 1, SOFAZ has allocated about 93 million manats as part of the State Program on education of Azerbaijani youth abroad in 2007-2015, SOFAZ reports………………………………………..Full Article: Source